Is Ripple Lobbying Against U.S. Strategic Bitcoin Reserve? CEO Reacts
Bitcoin is climbing to new all-time highs and a major breakout is imminent. The key driver of this upward momentum is a recent executive order signed by US President Donald Trump, which includes the establishment of a US government Bitcoin reserve. The move caused excitement in the crypto world, especially among Bitcoin enthusiasts.
Amid Bitcoin reserve news, however, XRP is facing a lot of heat on social media. Pierre Rochard, Vice President of Research at Riot Platforms, Claims that the biggest challenge facing Bitcoin’s Strategic Reserve (SBR) is not the Fed, the Treasury, or the banks, but Ripple. Rochard believes Ripple is spending millions lobbying politicians to block SBR, fearing it could damage their marketing narrative and push their own central bank digital currency (CBDC) agenda.
Rochard even accused Ripple of trying to disrupt Bitcoin mining under the Biden administration, saying that Ripple has now “declared war” by trying to block the Bitcoin Strategic Reserve. He believes that Ripple should focus on its own business rather than interfering with SBR.
“Face the facts: Ripple/XRP have been a major source of anti-Bitcoin misinformation for over a decade. They have actively lobbied policymakers around the world in an attempt to ban Bitcoin mining. Weaponization has awakened the ESG narrative to promote their Centralized tokens,” Rochard said.